Bonuses will only be allowed if funds are free to withdraw whenever the client wishes This could totally change the retail forex industry, and the way client acquisition and retention is done. It’s been only a day since CySEC outlined its priorities for 2014 and today we have the first steps taken in the direction…
Read moreRenewal of investor confidence in Cyprus, investor training and modernization highlight CySEC’s plans for 2014 Cypriot financial regulator CySEC has assembled briefing with local media yesterday outlining future goals for the Commission and some review of the challenging year already behind us. The press release issued on the matter details the Commission’s priorities for the…
Read moreThe consolidation seems to be paying off for the company way ahead of schedule The company resulting from the merger between Knight Capital and Getco, KCG Holdings, has released a press release outlining the completion of another $100 million principal repayment of its lien term loan under the company’s credit facility. The announcement comes just…
Read moreESMA already introduced severe restrictions on short selling, such as banning Naked Shorts European bureaucrats have scored a decisive victory over the UK’s challenge of financial laws today. The European Court of Justice has released a ruling against limiting the powers of the European Securities and Markets Authority (ESMA) to restrict short selling of certain…
Read more... and just as important, LeapRate readers are spending more time on the site, visiting more pages... We are pleased to report that LeapRate's Alexa ranking of the world's most popular websites has crossed into the 60,000's, just four weeks after we passed the 80,000 barrier into the 70,000's. We'd like to take this opportunity to thank…
Read moreUnder new management, the big question is whether LCG can make a recovery in 2014. UK spreadbetting and CFDs broker London Capital Group (or "LCG"), which operates the Capital Spreads, Capital CFDs and LCG FX brands, announced summary results for the second half of 2013 on Wednesday. LCG Group revenue came in at £10.9 million, down…
Read moreBarclays Margin FX exit is just the latest in a string including Deutsche Bank, Goldman Sachs... As the global retail forex market has grown and matured -- with retail forex volumes hitting an all-time high in mid 2013 -- the predictions of many industry observers included an increasing presence of leading 'traditional' financial institutions in…
Read moreLMAX is seeing most of its own growth in Russia and the Far East According to LMAX Exchange’s CEO David Mercer global forex volumes are set to double by 2020 because of increasing growth in emerging markets FX. He outlined the important role of the Renminbi and the Russian Ruble which are both set to…
Read moreVice-president of Russian bank brokerage Alfa Forex reveals the keys to success in the retail business Only a day after we covered the record rise of Russian retail forex volumes, LeapRate has spotted a detailed interview with the vice-president of one of the fastest growing retail brokerages in Russia run by a commercial bank. We…
Read moreCITIC is a unit of Chinese sovereign wealth fund, will focus on trading emerging FX, Renminbi Just a week after former CEO of FX Concepts John Taylor has announced that he is going back to business, two other executives, namely Robert Savage and Ron DiRusso have announced that they are starting their own venture. More…
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